US Stock Market Technical Analysis and Forecast Friday, March 27 2015

NYSE

US Stock market registered its fourth consecutive decline on Thursday with all major sectors ending up in red. The Dow Jones industrial average lost 41 points or 0.23% to close at 17678, the NASDAQ Composite lost 14 points or 0.28% to close the day at 4963 and the S&P 500 index lost 5 points or 0.25% to end the session at 2056. Final GDP data is due on Friday which is expected to come positive for the economy to help support the falling stock market.
 

Stock to watch today : Cerner Corp
 

Recommendation   :            Buy Above $73.00
Target                     :             $75.50
STOCK SUMMARY:-
Cerner Corp is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $73.00 which is a near term resistance level for the stock and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $75.50.

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CHART FORMATION
Stock is in bullish trend for near term and price is taking support above the trend line on daily chart. Near term breach of major resistance level of $73.00 is expected which would trigger further bullish sentiment in the stock to test the levels of $75.50.

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which is indicating bullish sentiment in the stock.

US Stock Market Overview as on Tuesday, February 10 2015

 

Market Overview:-

US stock market started the new week on a sleepy note with low trading volume. The Dow Jones industrial average lost 95 points or 0.53% to close the session at 17729, the NASDAQ lost 18 points or 0.39% to close the day at 4726 while the S&P 500 lost 8 points or 0.41% to end the session at 2047. With no major data due on Tuesday, market is expected to trade in a range with low volume.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Swift Energy	03.02	14.83
Paragon Offshore	03.35	13.18
Civeo	03.71	11.75
Frontline	02.90	11.54
Rio Alto Mining	02.93	10.98

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Amira Nature Foods	09.95	25.75
Taomee Holdings ADS	03.07	14.96
Sand Ridge Energy	01.96	10.50
Tahoe Resources	12.85	08.93
Comstock Resources	05.48	07.43

WallStreet Overview as on Friday, February 06 2015

US equity market ended the Thursday session on a positive note with rebound in oil prices and upbeat quarterly earnings. The Dow Jones industrial average gained 212 points or 1.20% to close at 17885, the Nasdaq Composite gained 48 points or 1.02% to close at 4765 while the S&P 500 index gained 21 points or 1.05% to end the session at 2063. Employment rate data is due on Friday, which is expected to come positive for the economy to help continue its recent bullish trend.

Stock pick of the Day : CONCOPHILLIPS


Recommendation   :           Buy above $68.00
Target                    :           $70.50
STOCK SUMMARY:-

Consophillips is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $68.00 which is a near term resistance level for the stock and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $70.50.

CHART FORMATION

Stock is in bullish trend for near term and price is sustaining above resistance trend line with the expectation of level breakout on daily chart. Near term breach of major resistance level of $68.00 is expected which would trigger further bullish sentiment in the stock to test the levels of $70.50.

INDICATORS:-
 
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD signal line is sustaining above MACD line which is indicating bullish sentiment in the stock.

US equity market today's overview

Today's U.S. stock market overview

US stock market finished on a somewhat higher note on Thursday recuperating from prior misfortunes of the day with increase in vitality imparts as they skiped once again to oil costs. S&P 500 picked up 1.67 focuses or 0.08% to close at 1997.36. The NASDAQ Composite added 5.28 focuses or 0.12% to close at 4591.81. The Dow Jones Industrial average however lost 19.78 points or 0.12% to close at 17048.93. Retail deals and Consumer notion information is expected on Friday which is required to come positive for the economy to help bulls assume control over the business sector assessments.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
NeoPhotonics	03.00	11.11
Vail Resorts	85.05	10.78
Nuverra Environmental Solutions	14.98	10.07
Taminco	26.18	09.63
Rubicon Project	10.73	08.23

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Brady CI A	25.00	07.65
Rex American Resources	96.11	07.12
First Marblehead	04.40	06.58
Leju Holdings ADS	15.13	06.43
Coupons.com	14.09	06.38

US Stock Market Overview

US equity market ended flat on Wednesday after spending the day into narrow range. 

Market opened with slim gains, but traded flat for the rest of the day. 

S&P 500 closed around 2000 after falling in the last hour of the trading session. 

Nasdaq closed at 4569.62 with Dow Jones Industrial Average closing at 17122.01. 

Unemployment claims data due on Thursday is expected to come positive for the economy and keep up the bullish sentiments in the market.

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Market Overview : US Equity Market

US equity market broke its all time high's but could not sustain on higher levels. 

The S&P 500 was able to hold the 2000 mark after moving above the milestone level for the first time on Monday still managed to close to a record high, followed by financial and technology stocks.  

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Dow Jones Industrial Average rose 76.29 points or 0.45% with Nasdaq Composite closing at 4557.35 

with a gain of 18.80 or 0.41%. 

Consumer Confidence data is due on Tuesday which is expected to help bulls to sustain over the 

 market.